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Seven-Year Lease Fills Spec's Last Vacancy

COPPELL, TX-Hussman Corp. takes 61,250 sf in Freeport Corporate Center 6. The firm, set for a Feb. 1 move-in, is getting 21,250 sf of extra workspace with its relocation.

By Connie Gore | Updated on January 10, 2008

COPPELL, TX-Hussman Corp., putting the finishing touches to an expansion plan, has signed a seven-year lease for 61,250 sf in Freeport Corporate Center 6. The company will pick up an extra 21,250 sf when it moves in Feb. 1.

The deal pushes the 143,000-sf office/warehouse at 925 Freeport Pkwy. to 100% occupancy–thanks to the black book of Gary Lindsey, senior vice president with Grubb & Ellis Co., who put both tenants on Denver-based ProLogis’ doorstep. Lindsey tells GlobeSt.com that Hussman will move when its lease expires at 1601 Valwood Pkwy. Finish-out is under way on the office/warehouse shell, with the work including 7,000 sf of office.

Lindsay says buildings in and around the Valwood and Freeport submarkets were evaluated. “This location just worked well for them. The location made it the right one,” he says. The building, sporting 30-foot clear heights, is situated close to Interstate 635. In July 2007, Audio Visual Services Group Inc. leased 81,750 sf of the spec building.

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